Balance of Power Hassett Emerges as Fed Pick Frontrunner
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White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.
With Hassett, Trump would have a close ally whom the president knows well and trusts installed at the independent central bank, the people said, speaking on the condition of anonymity. Hassett is seen as someone who would bring the president’s approach to interest-rate cutting to the Fed, which Trump has long wanted to control, some of the people said.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:
- Bloomberg Senior National Political Correspondent Nancy Cook.
- Foundation for American Innovation Senior Fellow Dean Ball.
- Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and S-3 Group Partner Ashley Davis.
- Stimson Center Senior Fellow Kelly Grieco.
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